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Insider Selling: Hycroft Mining Holding Co. (NASDAQ:HYMC) Major Shareholder Sells 245,859 Shares of Stock

kopsource ·  Feb 2, 2023 18:38

Hycroft Mining Holding Co. (NASDAQ:HYMC – Get Rating) major shareholder Mudrick Capital Management, L. sold 245,859 shares of Hycroft Mining stock in a transaction dated Wednesday, February 1st. The stock was sold at an average price of $0.59, for a total value of $145,056.81. Following the completion of the sale, the insider now directly owns 14,947,116 shares of the company's stock, valued at approximately $8,818,798.44. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Large shareholders that own at least 10% of a company's stock are required to disclose their sales and purchases with the SEC.

Mudrick Capital Management, L. also recently made the following trade(s):

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  • On Monday, January 30th, Mudrick Capital Management, L. sold 300,000 shares of Hycroft Mining stock. The shares were sold at an average price of $0.58, for a total transaction of $174,000.00.
  • On Friday, January 27th, Mudrick Capital Management, L. sold 155,557 shares of Hycroft Mining stock. The stock was sold at an average price of $0.57, for a total transaction of $88,667.49.
  • On Wednesday, January 25th, Mudrick Capital Management, L. sold 300,000 shares of Hycroft Mining stock. The stock was sold at an average price of $0.62, for a total transaction of $186,000.00.
  • On Monday, January 23rd, Mudrick Capital Management, L. sold 300,000 shares of Hycroft Mining stock. The shares were sold at an average price of $0.63, for a total value of $189,000.00.
  • On Friday, January 20th, Mudrick Capital Management, L. sold 335,393 shares of Hycroft Mining stock. The stock was sold at an average price of $0.63, for a total value of $211,297.59.
  • On Wednesday, January 18th, Mudrick Capital Management, L. sold 242,734 shares of Hycroft Mining stock. The shares were sold at an average price of $0.67, for a total transaction of $162,631.78.
  • On Wednesday, December 14th, Mudrick Capital Management, L. sold 306,391 shares of Hycroft Mining stock. The shares were sold at an average price of $0.50, for a total transaction of $153,195.50.
  • On Monday, December 12th, Mudrick Capital Management, L. sold 500,000 shares of Hycroft Mining stock. The stock was sold at an average price of $0.52, for a total value of $260,000.00.
  • On Friday, December 9th, Mudrick Capital Management, L. sold 500,000 shares of Hycroft Mining stock. The stock was sold at an average price of $0.52, for a total value of $260,000.00.
  • On Wednesday, December 7th, Mudrick Capital Management, L. sold 500,000 shares of Hycroft Mining stock. The stock was sold at an average price of $0.55, for a total transaction of $275,000.00.

Hycroft Mining Price Performance

Hycroft Mining stock traded down $0.00 during midday trading on Thursday, reaching $0.60. 3,365,561 shares of the stock traded hands, compared to its average volume of 2,030,635. The stock has a market cap of $119.00 million, a P/E ratio of -0.51 and a beta of 1.90. The stock's fifty day moving average is $0.59 and its 200-day moving average is $0.72. The company has a quick ratio of 9.24, a current ratio of 9.94 and a debt-to-equity ratio of 1.87. Hycroft Mining Holding Co. has a 12 month low of $0.28 and a 12 month high of $3.10.

Hycroft Mining (NASDAQ:HYMC – Get Rating) last announced its quarterly earnings data on Tuesday, November 1st. The company reported ($0.08) EPS for the quarter. The business had revenue of $8.76 million during the quarter. Hycroft Mining had a negative net margin of 205.63% and a negative return on equity of 192.29%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Virtu Financial LLC acquired a new stake in Hycroft Mining during the third quarter worth about $28,000. Jane Street Group LLC grew its holdings in shares of Hycroft Mining by 200.5% in the third quarter. Jane Street Group LLC now owns 48,017 shares of the company's stock valued at $29,000 after purchasing an additional 32,037 shares during the period. Goldman Sachs Group Inc. acquired a new stake in shares of Hycroft Mining during the 2nd quarter worth approximately $31,000. BNP Paribas Arbitrage SNC acquired a new stake in shares of Hycroft Mining during the 3rd quarter worth about $34,000. Finally, SG Americas Securities LLC raised its holdings in shares of Hycroft Mining by 201.4% in the 3rd quarter. SG Americas Securities LLC now owns 59,598 shares of the company's stock valued at $36,000 after buying an additional 39,823 shares during the period. 32.07% of the stock is currently owned by institutional investors and hedge funds.

About Hycroft Mining

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Hycroft Mining Holding Corp. engages in the exploration, mining, and development of gold and silver properties. The company was founded on August 28, 2017 and is headquartered in Winnemucca, NV.

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